The Most Important Question: How Much Do You Pay When Charging?
Probably the single most asked question for potential electric vehicle buyers is how much charging an EV costs.
If you’re still on the fence about switching to an EV from a gas-powered car, doing some research on charging vs. gas prices will help you decide.
Don’t worry. This is just some basic math. It’ll help if you have your most recent electric bill for more accurate estimates.
You’ll want to know how much you spend on electricity in a given month, then we’ll calculate the per kilowatt-hour (kWh) rate.
First off, divide the number of kilowatt-hours you consumed into the total amount you paid for that month. This will give you the price you paid per kWh.
An average American household spends around 15 cents per kWh.
Let’s use this rate to calculate how much it’ll cost to charge a typical EV.
The most basic electric car gets around 3 to 4 miles of range per kWh. Divide your average monthly mileage into 3 to get the kWh you’d use per month. Multiply that by the cost you pay per kWh and you have a rough estimate of the costs of charging an EV.
The number will most likely be lower than your monthly spend on gasoline.
Let’s use the national average mileage and electricity rate to put things into perspective.
If you’re driving around 1,183 miles per month, you would use about 394 kWh. Multiply that by 15 cents and you’ll get $59 as the average cost of charging an electric car.
Comparing Charging Costs to Gas Prices
With the average gas price at $3.8 a gallon, it would cost around $45 to fill up a 12-gallon car tank.
If your car can get you 30 miles of range per gallon, a full tank would give you 360 miles of range.
At 1,183 miles per month, you’ll have to refuel a gas tank more than three times and spend around $144. That’s a 40% increase compared to charging an EV!
Again, these are just based on current national averages and may vary over time. The gap may narrow with more fuel-efficient cars, but it’ll still be there.
Costs of Charging at Home
Electricity rates vary per region and can be affected by factors such as the time of the day when there is high demand.
Electricity usage and costs are typically lower at night and time-of-use rates are applied during non-peak hours.
This is good news for EV owners, as most of the charging is done overnight at home.
Again, rates will vary depending on where you live.
Costs of Level 2 and Fast Charging
It’s harder to estimate the average costs of public Level 2 and DC fast charging compared to home charging as networks have varying prices and availability.
240-volt charging can cost anywhere from $0 to a fixed hourly rate. A charging membership can help lower the costs.
Level 2 charging will significantly cut your charging time and can save you money in the long run.
Finding the right EV charger
If that sounds like a good deal to you, let me suggest a Level 2 charging station to upgrade your home charging experience.
You can even lower the amp setting to help the grid during peak hours (16, 24, or 32 amps for the 40-amp model and 16, 24, 32, or 40 amps for the 48-amp model).
The V-BOX is compatible with all J1172 EVs and plugs into a NEMA 14-50 outlet (hardwired for 48A), so it’s the perfect fit for your home charging needs.
What’s more, you can stay up to date on your V-BOX electricity consumption and avoid bill shock with the Lectron Power Meter which lets you monitor how much energy is used by the V-BOX.
Faster Charging Means Higher Costs
Unlike the residential-friendly Level 2 chargers, DC fast chargers are too expensive to be set up in a typical home.
You usually find these in commercial areas and big cities with bigger EV populations.
Rates vary per region, model, and the recharge speed tier you choose.
Home charging is still the best option for EV drivers, but it’s still important to know where the closest charging outlets are.
Who knows? There might be free charging a few blocks away.
Just be wary of parking spaces that advertise free charging – parking fees here are high for a reason!
Lectron is Leading the Charge
Lectron is on a mission to make electric vehicle charging fast, easy and affordable for all EV drivers. We offer a wide selection of convenient and easy-to-use EV charging stations, chargers and adapters. Lectron is pioneering ways of eliminating range anxiety and compatibility issues for both Tesla and J1772 EV drivers by making it easier and more reliable than ever to charge EVs at home and on the road.